The fairness market on Wednesday sustained its bullish momentum by including N314 billion revenue to the portfolios of buyers.
Particularly, the market capitalisation which opened at N56.133 trillion, gained N314 billion or 0.56 per cent to shut at N56.447 trillion.
The All-Share Index additionally rose by 0.56 per cent or 545 factors, to shut at 98,230.92 factors, in distinction to 97,685.64 factors posted on Thursday.
Sustained curiosity in Geregu, FBN Holdings, Entry Company, Constancy Financial institution, alongside Oando Plc, United Capital, amongst different superior shares, drove the market’s optimistic efficiency.
Consequently, the 12 months-To-Date, YTD return elevated by 31.37 per cent.
Market breadth additionally closed optimistic with 28 gainers and 26 losers on the ground of the Alternate.
On the gainers’ desk, Sky Shelter Fund Plc led by 9.99 per cent to shut at N179.45, Honeywell Flour adopted by 9.96 per cent to shut at N5.41 per share.
Meyer Plc superior by 9.95 per cent to shut at N6.41, Academy Press elevated by 9.89 per cent to shut at N2.89, and Caverton appreciated by 9.68 per cent to shut at 3.06 per share.
On the opposite aspect, Northern Nigeria Flour Mills led the losers’ desk by 10 per cent to shut at N39.15, Berger Paints trailed by 9.81 per cent to shut at N21.60 per share.
Deap Capital Administration and Belief Plc misplaced 9.68 per cent to shut at 84k, Livestock decreased by 9.09 per cent to shut at N2.40, whereas Omatek went down by 9.09 per cent to shut at 65k per share.
Nonetheless, evaluation of the market actions confirmed commerce turnover settled decrease relative to the earlier session, with the worth of transactions down by 19.49 per cent.
A complete of 361.30 million shares valued at N7.57 billion had been exchanged in 9,627 offers, in contrast with 471.30 million shares valued at N9.40 billion in 12,061 offers traded within the earlier session.
In the meantime, JapaulGold for the third time in a row led the exercise chart in quantity with 64.04 million shares, whereas Geregu led in worth with offers price N1.34 billion.
NAN
